01/21/2011 After Bell Quick Summary

The bottom line, the short-term trend is down. I hold short position over the weekend, slightly underwater.

No idea about the next week, whether we’ve seen the top still isn’t clear, so again, as always, let’s see the next Monday.

One thing interesting though. In Mars (where I used to live, as you know), QQQQ and IWM usually leads the market, but on Earth, I heard something very magic called Quantitative Easing could turn everything around, so I assume now SPY leads the market is healthy and bullish, very very?